Retirement Fund Contribution Sample Clauses

Retirement Fund Contribution. The County agrees to pay the employee's share to the Wisconsin Retirement Fund. This contribution is in addition to the County's normal contributions.
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Retirement Fund Contribution. Beginning with the teacher workday on April 1, 1991, the dollar amount reflected in the salary schedule, extracurricular salaries, and to the extent allowable by law the retirement and severance pay, includes the 3% Indiana State Teacher Retirement Fund contribution which the Board shall make on behalf of each teacher. Therefore, each individual teacher’s regular contract shall be reduced by an amount equal to 3% of the teacher total pay.
Retirement Fund Contribution. The Corporation agrees to pay the teacher’s portion of the Teachers Retirement Fund Contribution.
Retirement Fund Contribution. The Employer agrees to pay the employee's share to the Wisconsin Retirement System. This contribution is in addition to the Employer's normal contributions.
Retirement Fund Contribution. Page 9 Section 8.3. New Employees ......................... Page 9 Section 8.4. Lateral Transfers ...................... Page 9 Section 8.5. Lower Rated Job - Bidding or Temporary .............................. Page 9 Section 8.6. Higher Rated Job Transfer .............. Page 10 Section 8.7. Higher Rated Job - Bidding ............. Page 10 Section 8.8. Classifications ........................ Page 10 Section 9.1. Entitlement ............................ Page 10 Section 9.2. Termination ............................ Page 10 Section 9.3. Scheduling ............................. Page 11 Section 9.4. Emergency Leave ........................ Page 11 Section 9.5. Retirement ............................. Page 11 Section 9.6. ........................................ Page 11 Section 9.7. Carry Over of Unused Vacation .......... Page 11
Retirement Fund Contribution. 7.5.1 An Officer shall receive a retirement fund contribution of fifteen and one half percent (15.5%) of Salary and applicable HDP paid monthly with Salary. 7.5.2 The distribution of an Officer’s retirement fund contribution shall be in accordance
Retirement Fund Contribution. The Corporation shall make such contributions to the Teacher Retirement Fund as are required and provided for by law. Superintendent shall be responsible for his personal contribution to the Teacher Retirement Fund.
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Retirement Fund Contribution. For each employee on the active list as of No- vember 1, 2004, covered by this Agreement, the Corporation shall contribute to the Boilermakers Local 154 Retirement Fund the following: a) Effective November 1, 2004,
Retirement Fund Contribution. For each employee covered by this Agreement, the Corporation shall contribute to the Boilermak- ers Local 154 Retirement Fund the following: (A) Effective December 1, 2004 – $1.30 per each hour worked. (B) Effective December 1, 2004, monies al- located to the Retirement Fund will commence one (1) year after hire date. (C) All fringe benefits will be paid on holi- days and vacations. Said contributions shall be made on or before the fifteenth (15th) day of the month following the one in which the employee has worked. The parties to this Agreement incorporated by reference the terms and conditions of the Trust Agreement and Plan Document during the term of this contract. Contributions shall be remitted on a monthly basis to the Administrators of the Local 154 Re- tirement Fund whose present name and address is: Gem Group 0000 Xxxxxx Xxxxx Xxxxxxx Xxxxxx Xxxxxxxxxx, Xxxxxxxxxxxx 00000.

Related to Retirement Fund Contribution

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement. 8.2 Contributions shall be recorded on a remittance form and remitted to the designated recipient of such contributions on or before the fifteenth (15) day of the month following the month for which contributions are to be made. In the event that any Employer is delinquent in his contributions to the above funds for more than thirty (30) days, the Employer and the Association shall be notified of such delinquency. If after five (5) days from such notice such delinquency has not been paid, the Employer shall pay to the applicable funds, as liquidated damages and not as a penalty, an amount equal to ten percent (10%) of the arrears for the month, or part thereof, in which the Employer is in default. Thereafter, interest shall accumulate at the rate of two percent (2%) per month (24% per year compounded monthly) on any unpaid arrears, including liquidated damages. 8.3 The amounts to be designated as wages and/or Employer contributions to the above funds may be varied from time to time by agreement between the Association and the Union. 8.4 The Board of Trustees of the respective Trust Funds shall have authority to promulgate such agreements, plans and/or rules as may be necessary or desirable for the efficient and successful operation and administration of the said Trust Funds, including provisions for audit security, surety and/or liquidated damages to the extent that such may be necessary for the protection of the beneficiaries of such Trust Funds. 8.5 Any and all agreements, plans or rules established by the Boards of Trustees of the respective Trust Funds shall be appended hereto and shall be deemed to be part of and expressly incorporated herein and the Employer and the Union shall be bound by the terms and provisions thereof. 8.6 All employer contributions due and payable to the above funds, except industry promotion funds, shall be deemed and are considered to be Trust Funds. It is expressly understood that training funds and industry promotion funds are not wages or benefits due to an employee and industry promotion funds are dues for services rendered by the Association. 8.7 The Business Representative of the Local Union may inspect, during regular business hours, the Company's record of time worked by employees and contributions to the plan. 8.8 The Employer shall be responsible for the payment of any government sales taxes applicable to any trust fund contributions payable by the Employer.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Company Contributions The Company shall continue to make a Company Contribution for Plan Years 2017, 2018 and 2019, on the same terms and conditions set forth in the Participant Agreement, with the performance metrics and targets in connection with such Company Contributions for such Plan Years to be established in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company.

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

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